Environmental, social, and governance (ESG) ratings have become a key benchmark for investors, regulators, and customers in assessing how companies manage long-term risks. Among these, the MSCI ESG Rating is one of the most globally recognized, ranking companies from AAA (leader) to CCC (laggard) based on their resilience to ESG challenges.
Recently, MSCI upgraded Security Bank (PSE: SECB) to an ‘A’ rating, making it the only Philippine bank to hold this score today and placing it on par with top Asia-Pacific peers.
MSCI cited the Bank’s:
- Enhanced governance through stronger Board oversight and transparency.
- Leadership in consumer protection, particularly in complaint resolution and data security.
- Robust cybersecurity measures, including strict access controls and encryption standards.
- Refined lending practices that reduce exposure to environmentally intensive sectors.
“Being the only Philippine bank with an MSCI ESG ‘A’ rating is a clear signal that our governance, risk management, and sustainability practices are helping us realize our vision to be best-in-class in sustainable banking,” said Sanjiv Vohra, President and CEO of Security Bank.
For customers, the rating underscores stronger safeguards for their interests and the environment. For investors, it reflects strategic foresight in navigating regulatory, environmental, and societal shifts.
The MSCI upgrade adds to the Bank’s sustainability milestones this year. In May, it became the first Philippine bank to join the Alliance for Green Commercial Banks, a global initiative led by the International Finance Corporation (IFC) and the Hong Kong Monetary Authority. Security Bank has also partnered with IFC to expand its green financing portfolio, supporting renewable energy, energy efficiency, and climate-resilient projects.
With the MSCI recognition and its ongoing partnerships, Security Bank strengthens its position as a forward-looking organization committed to building a sustainable and inclusive economy.